Höegh LNG Names Its Tenth FSRU

Höegh LNG, a Norwegian owner and operator of floating LNG import terminals, has named its tenth floating storage and regasification unit (FSRU), Höegh Galleon.

The naming ceremony for HN2220 was held at Samsung Heavy Industries (SHI) shipyard in South Korea on June 26, 2019.

On the occasion, Höegh LNG welcomed Kylie Hargreaves as a sponsor. Hargreaves is Head of Government and Stakeholder Relations for Australian Industrial Energy (AIE) and works with the Port Kembla LNG import project in Australia where Höegh LNG has been selected as the FSRU provider. Under the exclusivity agreement reached last year, AIE has the right to lease one of Höegh LNG’s 300-meter-long 170,000 cbm FSRUs.

As informed, the 170,000 dwt FSRU LNG newbuild is scheduled for delivery in August this year. The Marshall Islands-flagged Höegh Galleon features a length of 297.5 meters and a width of 43.4 meters.

Last year, Höegh LNG received commitments for sale and leaseback financing of up to USD 206 million for Höegh Galleon. The facility is provided by CCB Financial Leasing (CCBFL), a wholly owned subsidiary of China Construction Bank (CCB).

In 2018, Höegh LNG took delivery of two FSRU newbuilds, Höegh Esperanza and Höegh Gannet. Combined with the nine FSRUs already in operation and following the delivery of the company’s tenth FSRU, Höegh LNG will have a fleet of 10 FSRUs as well as two LNG carriers.

World Maritime News Staff